SECTOR 10, INC (OTC Bulletin Board: SECI)
For the last ten years, Sector 10 has been in litigation to recover damages from a technology theft and laundry operation that delivered Sector 10 technology into the hands of then ADT/TYCO, causing the largest market cap increase in their history.
The lawsuit was filed in a Utah Court against ADT/TYCO acquired subsidiary Proximex. Other parties in the case include people and entities who breached a manufacturing contract, started various new corporations and laundered the technology across various states, creating PSIA and PSIM along the way.
Sector 10 focused on pre-deployed emergency and disaster response equipment with the world's first patented Stationary Response Units (SRU), Mobile Response Units (MRU) and its innovative PLX-3D technology.
Sector 10 holds United States issued patents and pending patent applications with both the U.S. and international agencies. The company's initial SRU and MRU designs have been developed, produced, nationally tested, marketed and sold.
Stealthily, the company's PLX-3D technology was to debut in San Francisco in 2009, followed by several other US cities.
Unbeknownst to Sector 10, one of its contracted manufacturers and affiliated parties set a plan in motion to launder and sell the technology to another public entity, ADT/TYCO.
In the midst of convoluted litigation, operations have been hindered and undermining "mafia" tactics set back the company's ability to raise capital and develop ongoing business in order to continue forward.
Evidence shows a complete disregard for ethics and a grotesque fraud scheme orchestrated by defendants and affiliated parties.
Evidence shows unimaginable wealth was accumulated by all involved.
Thanks to the vision and support of many investors, the inventor, founder and CEO swore to correct this wrongdoing. After years of tribulation, focus and much pain, new evidence finally uncovers how a group of individuals and their families have worked together for years to defraud many.
Thank you all for your support, and for continuing to spread the word.
The full story can be found on White Collar Facades.
Sector 10, Inc ($SECI) in the US OTC.
Defendants: You had a chance to do the right thing in Utah… for 10 years! Under Federal RICO Law, we will be claiming all profits made to date belong to Sector 10 Plaintiffs. We warned you all in 2012 in the Bank of America case, in a letter from our then counsel Jim Kennedy.
You chose to deny it. You fired people close to the truth and conducted a massive cover up. You threatened sanctions against our lawyers and continued forward with business as usual. In the end, the judge found that Bank of America had not conducted all the damage alone! Guess what? Merrill Lynch funded it after all…
PRESS RELEASE 6/3/2019 Sector 10, Inc ( $SECI 2019 Shareholder / Investor updates)
The company announced that as of May 30th, 2019, it has not reached a decision or appointed counsel in the pursuit of a RICO ( Racketeer Influenced and Corrupt Organizations Act ) in Federal Courts based on evidence it collected in 2018.
Sector 10 has received proposals from two multi-national legal teams and, is currently considering those proposals very carefully.
Sector 10 Plaintiffs are optimistic that recently uncovered new evidence, and evidence that will come out during discovery, will shed light on the above ruling as they can now finally move forward with its claims.
Sector 10, Inc announces favorable ruling from the court, moving the case forward.
Next order of business include a short discovery by Sector 10 Plaintiffs prior to trial.
As Sector 10, Inc and their legal counsel complete the filing of their response to Defendants’ Motions to Summary Judgement, the investigation continues to deepen and Sector 10 Plaintiffs await the court’s response. April 2018 update: more
Written by Jarrod Wesson for Insider Financial - February 23, 2018
Sector 10 Chairman and CEO Pericles DeAvila addresses the shareholders in an open letter. Read the letter: more
Sector 10, Inc CEO addresses shareholders with regard to the ongoing litigation and recent uptick in stock market activity - more
As we enter 2018, there is a lot of movement in the case. Several motions from both sides have been filed with the court and key decisions are in the balance. The court remains unresponsive. Here are the details: more
Written and published by PSInvestor - February 10, 2018
2018 will mark the 10th year since the theft of our technology, and we hope to end it by finally serving cold evidence and justice for all involved. December 2017 update: more